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20121005
20121005
Search Results 0 to 6 of about 7
. . >>> another winning week for stocks. between today's positive jobs report and romney's ace debate, the dow added 173 points to the plus side for the week. so let's talk. fellas, i want to get to the second story, too, but give me some lightning round stuff. jim you' jim, was there a mitt romney lightning round? >> i think there was a bit of a rally. but that failed from the old bernanke high as couple weeks ago but it lost some steam. >> jim, is will a fed qe3 rally going on. i know we like to talk politics, politics can affect stocks. is the fed pump priming still putting wind behind the stock market? >> absolutely. look, the biggest correlation we can find with the market in anything over the last four years is quantitative easing. now there's a lot of rumors out that qe4 is coming because the fed is worried about the fiscal cliff. so, yes, it's a manipulated market and this is why the market has rallied more than anything else. >> you can't have qe4 because qe3 is in perpetuity. they would just pump more. jim iurio, was there a jobs controversy today with the 7.8 unemployment rate? is i
green lighting lockheed martin and grumman. now about half way into the debate romney gave us a fabulous short idea with this clip. >> you put $90 billion, like 50 years worth of breaks into solar and wind to solyndra and tesla and i had a friend who said you don't just pick winners and losers, you pick the losers. >> tesla relies on the kindness of the government. that kindness will be over if the white house gets a new occupant. i suggest immediately buying tesla in november. 25s look juicy. both candidates had a lot to say about oil. here's obama. >> the oil industry gets $4 billion a year in corporate welfare. now does anybody think that exxonmobil needs some extra money when they're making money every time you go to the pump? >> you think that exxon would have gotten hit today, right? it rallied 52 cents. some can argue that is because the market senses a romney victory. no way. exxon is just bigger than any president. here is romney on oil. >> your administration cut the number of permits and licenses in half. if i'm president, i'll double them. >> we aren't going to make money buy
in the debate. i think most people still recognize that he has a lot to do. remember, romney has to do two things. one, he has to convince that president obama has not delivered. second, he has to convince the american people he can deliver. so he has to do it both things. there's still some heavy sledding for him on both fronts. in terms of the market, i think that over the next few weeks and months we're basically going to be driven not only by the political process but whether we get data that confirms the handoff from central bank action to fundamentals will happen. otherwise, this wedge that the central bank have created between valuations of fundamentals cannot be sustained forever. fundamentals have got to start coming up towards valuations, otherwise valuations will come down. >> mohammed, thank you so much for joining us today. >> thank you, michelle. >> all right. we've got about 51 minutes before the closing bell. the nasdaq is lower by nearly 14 points. >> don't go anywhere. there's still a lot more ahead on this busy friday edition of the "closing bell." >>> coming up, employm
they saw was a fantastic debate performance by governor romney. what they also saw was a contrast between someone and governor romney who understand the fooacts and could relate th to every day people's lives. president obama, it wasn't just that his performance was listless. president obama, there was though substance there. you always hear the expression sell the sizzle, not the steak. i always say if you don't have the steak, there's no sizzle. >> all right. from politics to the stock market. a stock you know very well. hewlett-packard. stock has been punished. meg whitman, the new ceo, is coming under fire. here's what she said. >> i'm confident 2013 will be the bottom of the turn around. then you can look forward, i think, to good growth in 2014 and 2015 as those products kick in, the i think vestments we're making in things like i.t., sales, organization, and training. those things will start to kick in. i really think 2014 will be quite a bright year for hp. >> what do you think of what she said? do you have any sympathy for her? >> first of all, of course. any ceo who's in a tough
romney in the debate talked about how dodd-frank has created too big to fail banks. you believe there's a negative side chairing that committee with regard to insurance companies. we don't have very much time. maybe you can quickly give us -- >> the banks that are too big to fail have really -- have special status and guarantee and would help if they go under. i'm afraid that the insurance companies have gotten into this too, whether they have to pay for whatever might happen. insurance had nothing to do with the bailout. i nene bailout -- >> it's unfortunate we have to go. but it was aig and aig's problem wasn't traditional insurance it was derivatives. >> a few moments left in the trading week for europe. we'll get the close in about three minutes. don't go anywhere. h management m and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to t
blood cells -- >> one of the funniest things i ever saw. >> the altitude affects romney differently. i think he breathes a little more. >> he's taller. >> maybe he trained for the debate in denver. right some remember max company city? >> i'm glad you're entertaining yourself. >> all preparation that matters, right? >> it is. jarrett, what do you think, are people underestimating the vice president's abilities with paul ryan? >> if they aren't, they shouldn't. he's quick on his feet. he's good at linking things to a narrative. i can't imagine he would want to go into the weeds with paul ryan and talk about budget baselines. he'll talk about the kind of narrative, the middle class, the folks that he believes -- >> the ones buried in the last four years? >> i think joe biden really does connect with average voters in a way most politicians don't. and i think it will be tough. >> tony, you and the steelers, man. anything happens to them, and i got to hear from you. >> i have not had a chance on air to congratulate you with the reds. amazing season. >> thank you. they're 5:1 odds. i think
the greek prime minister. next week sees the vice president presidential debate before we get two more presidential debates. one of the major issues is it that looming fiscal cliff. president obama challenged mitt romney on his plans for cutting the nation's debt. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fell wloe on stage last night said he didn't know anything about that. >> the president's vision is trickle down government and i don't think that's what america believes in. i see instead a prosperity that comes through freedom. >> president of the committee for responsible federal budget, director of the fiscal policy program, as well, and joins us now. have you heard anything -- have you heard enough of of a commitment from either side of the aisle that you thought might actually work? >> well, what we didn't hear was enough specifics. so i think the g
Search Results 0 to 6 of about 7